Tanzanian shilling strengthens to become worldโs top-performing currency
Dar es Salaam.ย The Tanzanian shilling has rallied to become one of the top performing currencies in the world, due mainly to record high gold prices and a surge in inflows of U.S. dollars from agriculture, tourism, and transport sectors. The central bank quoted the shilling trading at 2,578/2,604 levels today, up from 2,586/2,612 at the start of March. The ๐๐ถ๐ฟ๐ฒ๐ฐ๐๐ผ๐ฟ ๐ผ๐ณ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐ฎ๐ ๐๐ต๐ฒ ๐๐ฎ๐ป๐ธ ๐ผ๐ณ ๐ง๐ฎ๐ป๐๐ฎ๐ป๐ถ๐ฎ (๐๐ผ๐ง), ๐๐บ๐บ๐ฎ๐ป๐๐ฒ๐น ๐๐ธ๐ฎ๐ฟ๐ผ (pictured), said the outlook for the Tanzanian shilling is positive throughout the year, bucking the historical trend of depreciation...